4420 Clovis Ct - Apartments FOR SALE


Midlothian, TX 76065
$699,000 USD
713-922-2702
4420 Clovis Ct, Midlothian, TX for Sale
$699,000 USD
Apartments - FOR SALE
1/40
null | 5.28% Cap Rate

4420 Clovis Ct
Midlothian, TX 76065


HIGHLIGHTS

  • 100% Leased to great tenants
  • 4.75% Financing for a limited time
  • Perfect for 1031 Exchange
  • Large Duplex on 1-acre lot

OVERVIEW

Fully leased + 4.75% special financing when using preferred Lender - expires by the end of the year! Prime investment opportunity on a Class-A new construction luxury duplex on acre lots with positive cashflow and LOW property taxes in scorching hot DFW market. This duplex features two 1,653 sq. ft. units with 3 bedrooms + a flex room (that can serve as a 4th bedroom), 2 baths, and 2 garages, all on one level. Each unit has a covered patio and a fenced-in backyard. Duplex is under construction with an estimated completion of October 2025. Edgewood Estates is located in Midlothian, Texas, and it is zoned to the good Waxahachie ISD. Midlothian is just a short 30-minute drive to Downtown Dallas and Fort Worth. Also, this project is within a short 8-10-minute drive to Methodist Midlothian Health, Waxahachie’s Baylor Scott and White, as well as to Midlothian and Waxahachie’s retail and dining. Both units leased at 2450 with leases starting on October 13 and November 1. Easy commute to major employers. Professional property management in place at a great rate of 5%. Hurry - this won't last!

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

2

PRICE/UNIT

$349,500

CAP RATE

5.28%

% LEASED

100%

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cashflow + 100% Leased New Build Duplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

PARKING SPACES

4

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

183202

ASK ABOUT THIS PROPERTY

Erion ShehajSignature Real EstateMore Info
713-922-2702

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Erion ShehajSignature Real EstateMore Info
713-922-2702

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.